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Outdoor equipment retailer REI announced they are looking to sell their brand new corporate headquarters in Washington, as they embrace working from home and remote work options.“The dramatic events of 2020 have challenged us to reexamine and rethink every aspect of our business and many of the assumptions of the past. That includes where and how we work,” said REI President and CEO Eric Artz, in a video call with employees Wednesday. “As a result, our new experience of 'headquarters' will be very different than the one we imagined more than four years ago.”The company’s headquarters is being built in the Seattle area, in Bellevue, and is roughly 400,000 square feet and sits on eight acres of land. Corporate staff was planning on moving in to the newly-completed building this summer, according to the Seattle Times. REI transitioned to nearly 100 percent remote work in early March for corporate staff. Washington reported some of the earliest cases of coronavirus in the country.Retail stores closed in March across the country and recently reopened.The company admits the sale will also benefit them financially. They cite safety and preventative measures retail stores and the company have taken during the pandemic, in addition to slower sales with the temporary closure of stores.Artz and the board of directors have taken paycuts and in July, REI announced a 5 percent reduction in staff.REI says they will embrace remote work as an “engrained, supported, and normalized model for headquarters employees, offering flexibility for more employees to live and work outside of the Puget Sound region and shrinking the co-op’s carbon footprint.” 1665

Pawn shops offer a way for people to get fast cash for loaned items, or for them to shop for items at a discount.When the pandemic hit, pawn shops were deemed essential and stayed open, but the reasons people came in were different than what was expected.“This is how we test diamonds, it’s a diamond tester” Michael Mack, owner of Max Pawn, said while explaining how pawn shops figure out the worth of a ring. “And then we weigh.”This is part of the process at a pawn shop, customers bring an item in and an employee assesses it. They make an offer based on value. If you say yes, you walk out the door with cash. You either keep the money and the shop eventually puts your stuff up for sale, or you bring the money back and reclaim your items.Like all industries, COVID-19 has caused some change.“Business is difficult,” Mack said. “All of these businesses are not able to do business the way they used to, and pawn shops are no different.”However, pawn shops were deemed essential. “We’re a financial institution. We remained open this entire time,” said Andy Zimmerman, CFO at Gold & Silver Pawn Shop.There to provide loans for people in need of fast cash, sometimes to those who don’t have access to a bank.“Unbanked and underbanked, they typically refer to a consumer that finds your typical bank branch not really meet their needs,” said Jonathan Polter, CEO of the app PawnGuru. The app connects customers with pawn shops, without having to go into a store first.“Traditional banks make money off a variety of transactions and because of the financial situation of the unbanked and underbanked consumer, they’re typically not credit-worthy of many of those other products,” Polter said. This was important during the last recession.“When 2008 hit, pawn shops became more prevalent because banks were giving less money to everyone. Before, pawn shops catered to a lower class middle class,” Mack explained. “We had people come in and get a loan on a Ferrari to pay their private school bill.”That’s what shop owners said they expected when the economy took a hit in March.“The anticipation was that the loan balances or the pawns would increase but, in fact, it’s worked the other way, with the federal stimulus, it seems that a lot of the customers typical of a pawn shop have in essence received a raise,” Zimmerman said. Zimmerman works at the Gold & Silver Pawn Shop in Las Vegas, a popular shop and tourist destination.“The outflow of goods versus the inflow of goods has been a surprise to everyone in the industry,” he said.Pawn shops can’t even keep certain items in stock, such as electronics, guns, and jewelry.“We were just selling through thousands of ounces of silver,” Zimmerman said. “The stimulus really had an impact on people’s behavior.”“Also bicycles, everyone wanted to ride a bicycle, so bikes are gone,” Mack said. This left many shops with low inventory, and lots of cash.“Right now, I don’t know that the industry has ever seen this before,” Polter explained. “Their industry is dried up and at the same time, they haven’t really had the time to replenish it.”“Pawn shops are not built to sit on cash,” Polter said. “They’re built to put cash into consumers pockets and that’s how they make money.”Mack’s shop is working with customers like many pawn shops are, offering curbside pickup or lowering loan interest rates for a while. “The asset is the customer,” he said.But without more loans coming in and a low inventory of items, pawn shop owners said there could be trouble further down the line.“We've been affected and if you drive to any other pawn shops there's nothing in their stores at all. So for that to come back we need a normal economy to really get loans and sell things,” Mack said. 3747

Police Chief Mike Koval in Madison, Wisconsin arrested WISC-TV Meteorologist Dave Caufield during a live newscast for "stealing spring," according to the station.Koval and Capt. Cory Nelson 'arrested' Caufield for charges of spreading false hope for warmer weather and not following through on promises."You are so infatuated with breaking records that we believe you are instigating this prolonged pain and misery," Koval said.Caufield said he's taking the fall for Mother Nature's crimes.Although we're all upset about the weather, the only one to blame here is Mother Nature herself. The Madison Police Department will not actually be pressing charges against Dave Caufield.  721

PALM BEACH COUNTY, Fla. — Paul Manafort, President Donald Trump’s former campaign chairman, was found guilty on eight felony charges on Tuesday: -    Five charges of tax fraud 208

Philadelphia 76ers president Bryan Colangelo appears to have used multiple Twitter accounts to criticize players and coaches on his own team and release sensitive team information, according to a lengthy report?from?The Ringer on Tuesday night.The Ringer believes the 52-year-old Colangelo, a longtime basketball executive who has also held jobs with the Phoenix Suns and the Toronto Raptors, may have used up to five fake Twitter accounts to criticize his team's own players — including 2018 NBA All-Star Joel Embiid — debate his own coaching staff's decisions and reveal confidential team information."In February, The Ringer received an anonymous tip that Bryan Colangelo ... had been secretly operating five Twitter accounts," The Ringer's Ben Detrick wrote. Detrick added The Ringer has since "scrutinized and archived those accounts in an attempt to verify the source's claims."Colangelo, the son of former Phoenix Suns and Arizona Diamondbacks owner Jerry Colangelo, served as the Suns' general manager from 1995-2006 and was the 2005 NBA Executive of the Year. He resigned as Suns GM and became president and GM of the Toronto Raptors in 2006, two years after his father sold the Suns to current owner Robert Sarver. Colangelo went on to win the NBA Executive of the Year award with the Raptors in 2007.Colangelo was relieved of his role as Raptors GM in 2013 and soon resigned from his role as team president, as well. In 2016, he was hired as the 76ers' president of basketball operations.After The Ringer published its report, Colangelo admitted to operating one of the accounts but denied being behind the others."Like many of my colleagues in sports, I have used social media as a means to keep up with the news," Colangelo told The Ringer in a statement. "While I have never posted anything whatsoever on social media, I have used the @Phila1234567 Twitter account referenced in this story to monitor our industry and other current events. This storyline is disturbing to me on many levels, as I am not familiar with any of the other accounts that have been brought to my attention, nor do I know who is behind them or what their motives may be in using them."Embiid told ESPN's Adrian Wojnarowski that Colangelo called him Tuesday night to deny the tweets were from him."Maybe there's an IT person who can prove it wasn't Bryan Colangelo, but here's one of his biggest problems in disputing Ringer story: Those tweets reflected not only private team (business), but launched personal beefs/jealousies/frustrations that he's shared inside and outside 76ers," Wojnarowski tweeted. "Nevertheless, Colangelo is denying he is responsible for those tweets and many league executives seem to believe this: It is hard to fathom a GM risking his job in such a reckless manner. Many are giving him the benefit of the doubt on that level alone. It just doesn't add up." 2976

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